The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-12-31
REVIEW OF TRADE.
II. G. Dunn D Co.s Weekly Report-uow tho
Year Cluseu,


-.. Year Closes.
New YORK, Dec. 30.-R. G. Dunn 4 90,
In their weekly review Of trade, say: A
year of enormous business cloees with a
little more than seasonsble dullness,
Transac.ions much beyond the average in
September and October prepared for some
alsckening of trade In November and De-
cember which has been increased by tariff
uncertainty, by several strikes OF iupor.
tance, and by speculative advance in
prices.
Unusual pressure for money during the
fall, on the other hand, caused adjustments
which prevent severe pressure, as the year
closes, and, except few Western points,
the money markets are comparatively
easy, with collections almost everywhere
lair, and, ct most points, reasonably good,
: Holiday trade has generally been largo,
and the recent change in the weather
brings greater activity in some branches.
Bnt the pending strikes and controversies
about wages, and uncertainties as to the
future in some Of the largest industries
operate unfavorably.
Easy money and the belief that the
Reading strike would not last, helped
stocks to improve until to-day, when the
day opened with some reaction. Hopes
Of activity and advance after New Years
sustain pricea. but the great movement of
foreign capital hitherward for investment
has ceased at least for q time. The dying
year has seen 12.724 niles of railway fin.
ished, making the mileage for the United
States 150. .7l0, but changes OF freight rates
at the west tend steadily downward, less-
ening the prospect for building next year.
The Pennsylvania reports a decrease of
$l70. 600 in the net earnings for Novem-
Der, and the Erie decrease Of $24,233,
The iron industry, after the largest
years output on record, ia rapidly cutting
down production, prices, and at many
points. wages. Since March the average
Of all grades at Philadelphia has declined
SLAP. and Of rails IS. Sales OF 10000 tons
OF Alabama and Tennessee iron are re-
ported but no sales Of rails, for which next
years orders cover only 200. 900 tons.
The woolen manufacture is described as
having about the most unsatisfactory year
it has ever experienced, with business
smaller and profits smaller than last year.
Enormous importations have left q large
stock OF dress goods over. Coatings are
moving fairly, but Gne goods are at 5 to
to 10 per cent decline. gs-s-,i1.l
Goal production has boen the largest on
record, bnt the market closed with some
excitement, the Lehigh strike continuing,
while dispatches affirm that Reading
miners will strike January l. The gro.
Gerry trade has been very large for the
year, and closes with fair activity, not.
withdrawing the speculation in coffee,
and the rise in sugar, following reports OF
decrease Of 3o2, 900 tons in beet product,
Provisions hold the recent advance, beef
is again a shade dearer, and there has
been rise OF 6 cents in oil. Cotton is q
shade lower, but breadstuas have risen,
wheat and corn about one cent each. =
The Treasury has added $7l4,OO0 10 its
depoaits with banks and 81, 100000 to the
circulation during the week. 1t has now
increased the circulation OF coin and paper
about s64. .000,0 since July /, and $780,
000. 600 aimee July /, 1856. n. =
The years failures show decrease OF
two hundred in number, but large in.
eroaae Of S5S,00O0OO in liabilities, as fol.
lows: lSS7-numbsr, 1884,; liabilities,
Sl67, $50. 944; average, $l7,392. 1856
number, 1854; liabilities, $l14,844,l ,llS;
average, ,65l, -. ..lf. 4